Dollar consolidates after correcting off multiyear highs

In the second half of March, the U.S. dollar index spiked to its highest levels since late 2002. The index corrected lower in a six-session slide, finding support near its 20-day moving average. Despite some contrarian views, the dollar clearly remains the world’s preferred [...]

Natural gas: New highs & lows for the year

The COVID-19 pandemic and the accompanying price collapse across commodities comes as no surprise, and some longer-term implications can already be discerned with a little bit of digging. The rolling nearby contract for natural gas has fallen 25 percent on the NYMEX Apr-20 contract [...]

Ethanol plunges to 17-year lows

Under the states’ urgent efforts to flatten the COVID-19 infection rate, the U.S. economy is slowing precipitously. Closing of schools, limiting social gatherings, and pushing corporations to go to skeleton crews are going to have far-reaching consequences, including a negative impact on gasoline and [...]

Oil prices slide as OPEC wrestles with production cuts

Oil prices have dropped by more than 20 percent since the start of this year and are retesting lows not seen since December 2018. Crude sunk to new contract lows in February, reaching beyond one-year lows on concerns of slower global economic growth, pressured [...]

Crude production up, ethanol production down for 2020

On Jan. 6, after trending upwards since early October 2019, Feb-20 WTI crude futures reached a nine-month-high. The contract rose almost 3 percent after tensions were heightened between Iran and the U.S. following the U.S. killing of Iranian Major General Qasem Soleimani. Since Jan. [...]